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standstill agreement

   Also found in: Financial, Wikipedia 0.01 sec.
standstill agreement
n
(Economics) an agreement that preserves the status quo, esp one between two countries when one country cannot pay its debts to the other that a certain fixed extension of time will be given to repay the debts


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Byline: Kuwait City The Bahraini unit of Kuwait's Investment Dar, which is in the midst of a debt restructuring, said it had extended its standstill agreement to March 31, next year.
As such; the new date by when TID's banks and investors can accede to the Standstill Agreement is 12 November.
The standstill agreement is expected to run until the end of the year.
 
 
 
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